ABC Learning has successfully raised A$530 million via a multi-tranche facility provided by Commonwealth Bank of Australia and Westpac Banking Corp. The loan comprises two three year tranches and a three month portion. Proceeds are for general corporate purposes.
Mandated arrangers BNP Paribas, National Australia Bank and Royal Bank of Scotland have provided a A$370 million 10 year multi-tranche loan to Hope Down Iron Ore on a club basis. National Australia Bank held A$136.7 million while BNP Paribas and Royal Bank of Scotland took A$116.7 million apiece.
Proceeds are to support the development of a mine construction project in the Pilbara region of Western Australia and to provide for general corporate funding requirements.